NEW:  Skadden discusses the use of “commercially reasonable efforts” clauses, which it notes are often used in life sciences industry licensing and collaboration agreements where one party’s financial returns depends on another party’s performance, which it contrasts with “force majeure” clauses, in Diligence Clauses and the Management of Uncertainty in Life Sciences Agreements.

Goodwin Procter discusses contracting parties’ compliance with “best efforts” obligations when businesses are interrupted by crises such as the coronavirus pandemic, referencing applicable Delaware, New York, and California case law in Satisfying “Commercially Reasonable Efforts” / “Best Efforts” Clauses In Today’s Environment.